Cox Electric makes electronic components and has estimated the following for a new design of one of it:

Fixed cost $=$$$18,050$

Material cost per unit $=$$$0\mathrm{.}17$

Labor cost per unit $=$ $$0\mathrm{.}12$

Revenue per unit $=$$$0\mathrm{.}67$

Note that fixed cost is incurred regardless of the amount produced. Per$-$unit material and liabor cost tog profit is calculated by subtracting the fixed cost and total variable cost from total revenue.

Construct an appropriate spreadsheet model to find the profit based on a given production level and use

$($a$)$ Construct a one$-$way data table with production volume as the column input and profit as the outp when total revenue $=$ the total cost, yielding a profit of zero. Vary production volume from $0$ to $10$

$50000$ to units

Enter an exact number.

$($b$)$ Use Goal Seek to find the exact breakeven point. Assign Set cell: equal to the location of profit, $T$ model.

$$ units

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